ETH –
Wave Analysis
During the previous trading day, Ethereum failed to sustain the breakout above the upper resisive trend line, instead, it corrected itself massively and is now below both this trend line and also below 467.09. This correction is a clear sign that sellers are still in this market. Thus, as long as the price is below 467.09 and the resistive trend line, we expect a possible momentum to the lower side and should breakout below last week’s lowest low 411.20 but should not go beyond 251.22. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 251.22.
Trade Recommendations:
We’re short towards 391.95
101% Double the volume
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